About The Loonie Adventures of a Forex Noob

“Huck loves her bucks!” I always say. The problem, of course, is how to make those bucks!! In this blog, I'll be posting my adventures as I traverse the forex world, while trying to catch some pips along the way. To do this, I will make use of classical charting methods as well as develop my own mechanical system. Not only will I talk about FX, but I'll also share how my day went along with any currency trade updates. Hopefully, by the end of this tale, I'll be able to achieve my goal of becoming a consistently profitable foreign exchange trader.

EUR/USD

EUR/USD: 1-hour Forex Chart

EUR/USD traded on a tight range for most of the week as forex traders stayed on the sidelines ahead of the FOMC statement. The actual decision didn’t do much for the Greenback’s price action overall though. In fact, it wasn’t until the BOJ announced that it won’t be making any policy changes that EUR/USD saw any trend. Thanks to signal #9 catching the first bit of the end-of-week downtrend, the HLHB had snuck in a net of +68 pips by the end of the week.

GBP/USD

GBP/USD: 1-hour Forex Chart

Much like in EUR/USD, Cable’s price action was limited to a tight range before the FOMC event. Unlike in the EUR/USD thought, there was no last-minute trend to save the day for the HLHB. By the end of the week this trend-catcher system was down by 31 pips. Boo!

Not a bad week, I think, considering that the HLHB System could’ve seen a lot more fakeouts. Sure looks like the RSI filter is working, huh? Fingers crossed that we see a more trend-friendly week next week!

XOXO,

Huck

P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!

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